Freight updates August 24, 2022: latest news and updates on the worldwide supply chain

The worldwide supply chain is constantly changing. Now, two years into the pandemic-related global capacity crunch, high prices, delays, and port congestion persist. These updates will share some of the latest freight news, so we can keep you abreast of the situation. 

Two-tier market surfacing as gap between mega and smaller box lines widens

At the end of the Q2 earnings season, a survey finds the profitability growth of the biggest carriers has exceeded that of small to medium-sized lines. Read more. 

CN, Keyera mull creation of new energy terminal in Alberta

Canadian midstream oil and gas operator Keyera and CN are contemplating building a clean energy terminal in Alberta. Read more. 

Canadian North says fuel shortages affecting flights at airports in High Arctic

Fuel shortages at several airports in Canada's High Arctic are affecting the amount of passengers and cargo that can be transported. Read more. 

Despite billions in cancelled orders, container imports stay near peak

Both Walmart and Target cancelled billions of dollars worth of orders, yet US import activity continues at a nearly all-time high. Read more. 

Dry bulk shipping plunges; ominous signal on China's economy?

While dry bulk shipping enjoyed its best year in 2021, spot rates have nosedived. Bulker owners are now far more exposed to spot pricing than container lines. Read more. 

About the Freight Forwarders at Cole International:

At Cole, we’re proud to have been freight forwarders for more than 60 years. Freight forwarders are at the frontlines of today’s global supply chain challenges. These updates share some of the latest freight news: keeping you abreast of the situation and giving you insight into the complexity freight forwarders are navigating at this time. Contact us today to learn how we can streamline your shipping operations.

Keeping you in the loop. It's what we do.